AppDynamics Announces Another Record Quarter of Growth with Increase in Trailing Twelve Month Revenues of 150 Percent
Continued customer and industry momentum with multiple new F500 customers, $120 Million in new financing, industry awards and partnerships
SAN FRANCISCO – August 13, 2014 – AppDynamics, the application intelligence leader for the software-defined business, today announced another quarter of spectacular growth during its second fiscal quarter of 2015 ending July 31st. Trailing 12-month bookings grew 125 percent, while trailing 12-month revenue increased more than 150 percent. The impressive numbers underscore and validate the acceptance the company’s next generation Application Performance Management (APM) solution and Application Intelligence Platform is earning within the largest global enterprises. In addition to spectacular revenue and bookings growth, AppDynamics set new quarterly records for customer acquisition of leading global enterprises such as AutoTrader, bWin, CarMax, Cisco, Egnyte, InterContinental Hotels, JPMorgan Chase, PaddyPower, RAC Insurance, Regis Corporation, Sony Mobile Communications, Surescripts and Kiewit Infrastructure West Co.
AppDynamics’ quarterly financial results underscore the acceptance and adoption of the Application Intelligence Platform among customers worldwide. This was further validated by securing $120 million in growth financing to accelerate expansion of the Application Intelligence Platform into the IT Operations and Business Analytics markets, and to also accelerate go-to-market investments and sales expansion. The company currently has over 1,300 customers and has doubled its customer base every year for the past three years. Customers include some of the largest banks, retail companies and SaaS providers globally and in the last 18 months the number of employees grew from 200 to over 450 based in over 12 countries including the US, UK, France, Germany, India, Japan, Australia and Singapore.
“Viewed through any lens, our Q2 was one of significant growth and achievement on multiple fronts. The customer and industry acceptance of our Application Intelligence Platform and its ground breaking Big Data innovations for monitoring and managing the most complex and distributed web and mobile applications, while delivering business and operational analytics is massive and growing. Global Business’ are increasingly turning to AppDynamics to help them manage the critical applications that enable them to compete and win in their chosen markets.” said Jyoti Bansal, founder and CEO of AppDynamics.
Bansal continued, “From the new customers we secured to the average deal size to the many multi-million dollar deals, this is a quarter for the record books. Our all-time highs on a number of key business metrics underscore our continued and growing strength in the enterprise and in our ability to disrupt and take market share away from the old world legacy vendors in the $30 billion IT Operations Management and Business Analytics markets. I’d like to thank our wonderful loyal customers who have put their trust in us to help them run their most critical business applications. I’d also like to thank our partners and committed, talented employees, without whom none of this would be possible. The best is yet to come.”
Points of note in Quarter
AppDynamics announced a collaboration with IBM that brings the power of the AppDynamics Application Intelligence Platform to the IBM Cloud Marketplace. IBM customers looking to further simplify application development and operations for increased innovation and the industry’s lowest overall TCO can opt to include AppDynamics at no additional cost. AppDynamics also partnered with IBM to develop support for IBM DataPower, IBM’s popular purpose-built messaging appliance used within highly secure enterprises, including leading banks around the world.
San Francisco Business Times honored AppDynamics founder and CEO Jyoti Bansal with “Best CEO” in the Annual Tech & Innovation Awards. The awards recognize the most promising and enterprising technology innovators and companies in the Bay Area.
AlwaysOn named AppDynamics an OnDemand Top 100 Private Company for the second consecutive year. AlwaysOn also recognized AppDynamics for the second consecutive year for creating technology innovations for the global Silicon Valley and received the AlwaysOn Global 250 award.
Founder and CEO Jyoti Bansal was honored by EY as an Entrepreneur Of The Year™ 2014 Award Finalist in Northern California.
Continued Technology Innovation
The company’s Application Intelligence Platform provides the broadest and deepest visibility and management of software applications leveraging JAVA, .Net, node.js, PHP, NoSQL, SQL, Native Mobile and browser-based apps, NetApp Storage, IBM dataPower, Tibco, MongoDB and through its open platform APIs over 100 critical enterprise technologies such as Microsoft Azure, AWS, Pivotal, F5 and Hadoop. AppDynamics, unique among its competitors, offers SaaS, on-premise and private cloud deployment alternatives to its customers. These are available in a fully self-service try-and-buy freemium ‘free-forever’ edition or commercial Pro edition.
In March, AppDynamics announced beta availability of its analytics solution, ‘Application Analytics.’ This builds on the company’s already market-leading Operational Analytics and Real-Time Business Metrics solution. General availability of ‘Application Analytics’ is targeted for later in 2014.
Industry Conference - AppSphere ‘14
AppDynamics announced its premier event for today’s software-defined business AppSphere 2014, featuring industry leaders from Google, Amazon Web Services and Microsoft, November 3-5 in Las Vegas.
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AppDynamics is the Application Intelligence company. With AppDynamics, enterprises have real-time insights into application performance, user performance and business performance so they can move faster in an increasingly sophisticated, software-driven world. AppDynamics’ integrated suite of applications is built on its innovative, enterprise-grade App iQ Platform that enables its customers to make faster decisions that enhance customer engagement and improve operational and business performance. AppDynamics is uniquely positioned to enable enterprises to accelerate their digital transformations by actively monitoring, analyzing and optimizing complex application environments at scale.
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